Precious metals fall again, Asian stocks swing as traders wind down

Precious metals extended losses Tuesday on profit-taking after hitting recent records, while equities fluctuated in quiet trade as investors wound down ahead of the New Year break.Traders were taking it easy in the last few days of 2025 following a stellar 12 months that have seen tech firms push several stock markets to all-time highs, while bitcoin, gold and silver have also enjoyed multiple peaks.Minutes from the Federal Reserve’s most recent policy meeting — at which it cut interest rates a third straight time — are due to be released later in the day and will be scanned for an idea about whether a fourth can be expected in January.The US central bank’s monetary easing in the back end of this year has been a key driver of the markets’ rally, compounding a surge in the tech sector on the back of the vast amounts of cash pumped into all things AI.It has also helped offset recent worries about a possible tech bubble and warnings that traders might not see a return on their investments in artificial intelligence for some time.Still, Asian markets have enjoyed a healthy year, with Seoul’s Kospi piling on more than 75 percent and Tokyo’s Nikkei 225 more than 25 percent — both having hit records earlier in the year.Still, both edged down Tuesday, with Shanghai, Sydney and Taipei also lower. Hong Kong, Singapore, Wellington and Jakarta rose. The mixed performance followed losses for all three main indexes on Wall Street.The big moves of late have been seen in precious metals, with gold hitting a record just shy of $4,550. Silver, meanwhile, topped out at $84 after soaring around 150 percent this year.Investors have been piling into the commodities on bets for more US rate cuts, a weaker dollar and geopolitical tensions.Silver has also been boosted by increased central bank purchases and supply concerns.However, both metals have pulled back sharply this week on profit-taking, with gold now around $4,340 and silver at $73.50.Oil dipped, having jumped more than two percent Monday when investors rowed back bets on peace talks to end Russia’s war with Ukraine as a meeting between US President Donald Trump and Ukrainian counterpart Volodymyr Zelensky ended with little progress.That surge followed Friday’s similar-sized rally on optimism for a breakthrough to end the nearly four-year conflict.An end to the war could see sanctions on Russian oil removed, which would see a huge fresh supply hit the market.Bitcoin, which has tumbled since spiking above $126,000 in October, was stabilising just below $90,000 after a shaky end to the year.- Key figures at around 0230 GMT – Tokyo – Nikkei 225: DOWN 0.1 percent at 50,465.35 Hong Kong – Hang Seng Index: UP 0.2 percent at 25,675.05Shanghai – Composite: DOWN 0.3 percent at 3,954.87Euro/dollar: UP at $1.1770 from $1.1766 on MondayPound/dollar: DOWN at $1.3499 from $1.3504Dollar/yen: UP at 156.30 yen from 156.06 yen Euro/pound: UP at 87.20 pence from 87.00 pence West Texas Intermediate: DOWN 0.3 percent at $57.91 per barrelBrent North Sea Crude: DOWN 0.3 percent at $61.75 per barrelNew York – Dow: DOWN 0.5 percent at 48,461.93 (close)London – FTSE 100: FLAT at 9,866.53 (close)

End of an era as Bangladesh ex-PM Zia dies

Bangladesh’s three-time prime minister Khaleda Zia, who hoped to lead her nation one last time after elections next year, died on Tuesday aged 80.Zia, a dominant figure for decades in the South Asian country’s turbulent power struggles, had vowed to run in elections next year, the first since a mass uprising toppled her arch-rival.Despite years of ill health and imprisonment, just last month Zia had promised to campaign in elections expected in February 2026, in which her Bangladesh Nationalist Party (BNP) is widely seen as a frontrunner.”Unite the party and prepare to lead,” Zia had urged BNP members earlier this year.But in late November she was rushed to hospital, where despite the best efforts of medics, her condition declined from a raft of health issues. Zia was jailed for corruption in 2018 under the autocratic government of Sheikh Hasina, which also barred her from travelling abroad for medical treatment.She was released shortly after Hasina’s ouster in August 2024.- ‘Battle of the Begums’ -For decades, Bangladesh’s politics was defined by the bitter rivalry between Zia and Hasina — a feud dubbed the “Battle of the Begums”, an honorific title in South Asia for a powerful woman.The hatred traces back to the 1975 assassination of Hasina’s father, independence leader Sheikh Mujibur Rahman, along with most of her family, in a coup.Three months later, Zia’s husband, Ziaur Rahman, then deputy army chief, effectively took control. He became president in 1977. He was himself assassinated in 1981.Zia, then a 35-year-old mother of two, inherited the BNP leadership.Initially dismissed as a political novice, Zia proved a formidable opponent, rallying against military dictator Hussain Muhammad Ershad, and later joining forces with Hasina to oust him in 1990.The two women alternated in power for the next decade and a half.Their intractable rivalry fuelled crises, including the January 2007 standoff that brought military-backed emergency rule. Both women were detained for more than a year.Hasina later dominated, ruling from 2008 until her violent downfall in 2024.Zia’s own tenure left a mixed legacy: she was admired for her resolve but criticised for her refusal to compromise, which often left her isolated, domestically and internationally.But Zia’s political legacy may yet continue.Her son, Tarique Rahman, 60, long seen as her political heir, has also said he will run in the polls.Rahman, known in Bangladesh as Tarique Zia, returned from exile in London on December 25, after fleeing what he called politically motivated persecution in 2008.Following Hasina’s fall, he was acquitted of the most serious charge against him: a life sentence handed down in absentia for a 2004 grenade attack on a Hasina rally, which he has always denied.His image is displayed alongside his mother’s on party banners, offering a potential new chapter in Bangladesh’s enduring political saga.

Trump warns Hamas, Iran after Netanyahu talks

US President Donald Trump warned Iran of fresh strikes and said Hamas would have “hell to pay” if it fails to disarm in Gaza, as he presented a united front with Israeli Prime Minister Benjamin Netanyahu on Monday.Speaking at a news conference with Netanyahu in Florida, Trump threatened to “eradicate” any attempt by Tehran to rebuild its nuclear program or ballistic missile arsenal following US and Israeli strikes earlier this year.Trump also downplayed reports of tensions with Netanyahu over the second stage of the fragile Gaza ceasefire, saying that Israel had “lived up” to its commitments and that the onus was on Palestinian militant group Hamas.”If they don’t disarm as they agreed to do, then there will be hell to pay for them,” Trump told reporters at his lavish Mar-a-Lago resort. “They have to disarm in a fairly short period of time.”Hamas’s armed wing reiterated earlier on Monday that it would not surrender its weapons.A top political adviser to Iran’s supreme leader on Monday said any aggression against his country would be met with an “immediate harsh response.””Iran’s #Missile_Capability and defense are not containable or permission-based. Any aggression will face an immediate #Harsh_Response beyond its planners’ imagination,” Ali Shamkhani wrote on X.- ‘Productive’ meeting -Netanyahu said his meeting with Trump had been “very productive” and announced that Israel was awarding the US leader its highest civilian honor — the first time it has gone to a non-Israeli citizen.Trump, the self-proclaimed “president of peace,” has been keen to move onto the next phase of the Gaza truce, which would see a Palestinian technocratic government installed and the deployment of an international stabilization force.While some White House officials fear Netanyahu is slow-walking the process, Trump said he had “very little difference” with the Israeli premier and was “not concerned about anything that Israel’s doing.”During their fifth meeting in the United States since Trump’s return to power this year, Netanyahu also appeared to have steered the US leader toward focusing on Israel’s concerns about Iran.Israeli officials and media have expressed concern in recent months that Iran is rebuilding its ballistic missile arsenal after it came under attack during the 12-day war with Israel in June.Trump said Iran “may be behaving badly” and was looking at new nuclear sites to replace those targeted by US strikes during the same conflict, as well as restoring its missiles.”I hope they’re not trying to build up again because if they are, we’re going have no choice but very quickly to eradicate that buildup,” Trump said, adding that the US response “may be more powerful than the last time.”But Trump said he believed Iran was still interested in a deal with Washington on its nuclear and missile programs. Tehran denies that it is seeking nuclear weapons.- Focus on Gaza -Trump and Netanyahu’s talks also focused on other regional tension points, including Syria and the Hezbollah movement in Lebanon.Trump said he hoped Netanyahu could “get along” with Syria’s new president, a former Islamist rebel commander who toppled long-term ruler Bashar-al-Assad a year ago, despite a series of Israeli strikes along their border.Netanyahu’s visit caps a frantic few days of international diplomacy in Palm Beach, where Trump hosted Ukrainian counterpart Volodymyr Zelensky on Sunday for talks on ending Russia’s invasion.The Gaza ceasefire in October is one of the major achievements of Trump’s first year back in power, and Washington and regional mediators have hoped to keep their foot on the gas.The Axios news site said Trump seeks to make announcements as soon as January on an interim government and an international force.But Trump gave few details beyond saying that he hoped “reconstruction” could begin soon in the Palestinian territory, devastated by Israeli attacks in response to Hamas’s October 7, 2023 attacks.The disarmament of Hamas however continued to be a sticking point, with its armed wing again saying that it would not surrender its arms.”Our people are defending themselves and will not give up their weapons as long as the occupation remains,” the Ezzedine al-Qassam Brigades said in a video message.

Trump warns Hamas, Iran after Netanyahu talks

US President Donald Trump warned Iran of fresh strikes and said Hamas would have “hell to pay” if it fails to disarm in Gaza, as he presented a united front with Israeli Prime Minister Benjamin Netanyahu on Monday.Speaking at a news conference with Netanyahu in Florida, Trump threatened to “eradicate” any attempt by Tehran to rebuild its nuclear program or ballistic missile arsenal following US and Israeli strikes earlier this year.Trump also downplayed reports of tensions with Netanyahu over the second stage of the fragile Gaza ceasefire, saying that Israel had “lived up” to its commitments and that the onus was on Palestinian militant group Hamas.”If they don’t disarm as they agreed to do, then there will be hell to pay for them,” Trump told reporters at his lavish Mar-a-Lago resort. “They have to disarm in a fairly short period of time.”Hamas’s armed wing reiterated earlier on Monday that it would not surrender its weapons.A top political adviser to Iran’s supreme leader on Monday said any aggression against his country would be met with an “immediate harsh response.””Iran’s #Missile_Capability and defense are not containable or permission-based. Any aggression will face an immediate #Harsh_Response beyond its planners’ imagination,” Ali Shamkhani wrote on X.- ‘Productive’ meeting -Netanyahu said his meeting with Trump had been “very productive” and announced that Israel was awarding the US leader its highest civilian honor — the first time it has gone to a non-Israeli citizen.Trump, the self-proclaimed “president of peace,” has been keen to move onto the next phase of the Gaza truce, which would see a Palestinian technocratic government installed and the deployment of an international stabilization force.While some White House officials fear Netanyahu is slow-walking the process, Trump said he had “very little difference” with the Israeli premier and was “not concerned about anything that Israel’s doing.”During their fifth meeting in the United States since Trump’s return to power this year, Netanyahu also appeared to have steered the US leader toward focusing on Israel’s concerns about Iran.Israeli officials and media have expressed concern in recent months that Iran is rebuilding its ballistic missile arsenal after it came under attack during the 12-day war with Israel in June.Trump said Iran “may be behaving badly” and was looking at new nuclear sites to replace those targeted by US strikes during the same conflict, as well as restoring its missiles.”I hope they’re not trying to build up again because if they are, we’re going have no choice but very quickly to eradicate that buildup,” Trump said, adding that the US response “may be more powerful than the last time.”But Trump said he believed Iran was still interested in a deal with Washington on its nuclear and missile programs. Tehran denies that it is seeking nuclear weapons.- Focus on Gaza -Trump and Netanyahu’s talks also focused on other regional tension points, including Syria and the Hezbollah movement in Lebanon.Trump said he hoped Netanyahu could “get along” with Syria’s new president, a former Islamist rebel commander who toppled long-term ruler Bashar-al-Assad a year ago, despite a series of Israeli strikes along their border.Netanyahu’s visit caps a frantic few days of international diplomacy in Palm Beach, where Trump hosted Ukrainian counterpart Volodymyr Zelensky on Sunday for talks on ending Russia’s invasion.The Gaza ceasefire in October is one of the major achievements of Trump’s first year back in power, and Washington and regional mediators have hoped to keep their foot on the gas.The Axios news site said Trump seeks to make announcements as soon as January on an interim government and an international force.But Trump gave few details beyond saying that he hoped “reconstruction” could begin soon in the Palestinian territory, devastated by Israeli attacks in response to Hamas’s October 7, 2023 attacks.The disarmament of Hamas however continued to be a sticking point, with its armed wing again saying that it would not surrender its arms.”Our people are defending themselves and will not give up their weapons as long as the occupation remains,” the Ezzedine al-Qassam Brigades said in a video message.

Trump says US hit dock for Venezuela drug boats

The United States has hit and destroyed a docking area for alleged Venezuela drug boats, President Donald Trump said Monday, in what could amount to the first land strike of the military campaign against trafficking from Latin America.The US leader’s confirmation of the incident comes as he ramps up a pressure campaign against Venezuela’s leftist President Nicolas Maduro, who has accused Trump of seeking regime change.”There was a major explosion in the dock area where they load the boats up with drugs,” he told reporters at his Mar-a-Lago resort in Florida as he hosted Israeli Prime Minister Benjamin Netanyahu. “So we hit all the boats and now we hit the area, it’s the implementation area, that’s where they implement. And that is no longer around.”The US leader would not say if it was a military or CIA operation or where the strike occurred, saying only that it was “along the shore.”Asked if he had spoken to Maduro recently, following an earlier phone call in November, Trump said they had talked “pretty recently” but said that “nothing much comes out of it.”Trump had been asked to elaborate on apparent throwaway comments he made in a radio interview broadcast Friday that seemed to mention a land strike for the first time.”They have a big plant or a big facility where they send, you know, where the ships come from,” Trump told billionaire supporter John Catsimatidis on the WABC radio station in New York.”Two nights ago we knocked that out. So we hit them very hard.” Trump did not say in the interview where the facility was located or give any other details.There has been no official comment from the Venezuelan government.The Pentagon earlier referred questions to the White House. The White House did not respond to requests for comment from AFP. Trump has been threatening for weeks that ground strikes on drug cartels in the region would start “soon,” but this is the first apparent example.- Fresh US strike in Pacific -US forces have also carried out numerous strikes in both the Caribbean Sea and eastern Pacific Ocean since September, targeting what Washington says are drug-smuggling boats.The administration has provided no evidence that the targeted boats were involved in drug trafficking, however, prompting debate about the legality of these operations. International law experts and rights groups say the strikes likely amount to extrajudicial killings, a charge that Washington denies.After Trump spoke Monday, the US military announced on X that it had carried out another deadly strike on a boat in the Eastern Pacific, killing two and bringing the total killed in the maritime campaign to at least 107.It did not specify where exactly the strike took place.The Trump administration has been ramping up pressure on Maduro, accusing the Venezuelan leader of running a drug cartel himself and imposing an oil tanker blockade.

Législatives en Côte d’Ivoire: écrasante victoire du parti au pouvoir

Le parti au pouvoir en Côte d’Ivoire a remporté une très large majorité aux élections législatives de samedi, consolidant un peu plus son hégémonie, deux mois après la réélection d’Alassane Ouattara pour un quatrième mandat. Fin octobre, M. Ouattara avait été réélu avec près de 90% des voix, lors d’un scrutin privé des deux grandes figures …

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